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According to Investopedia, ''' ceteris paribus''' is a  "Latin phrase that translates approximately to "holding other things constant" and is usually rendered in English as "all other things being equal".[http://www.investopedia.com/terms/c/ceterisparibus.asp]

''' Ceteris paribus''' is an expression derived from [[Latin]] and commonly used in [[economics]]. It means "all else being equal". Changes to economic variables cannot be examined in real life independently, as related variables are changing constantly. Ceteris paribus refers to this hypothetical vacuum. For example, we can say that "ceteris paribus, people buy less apples when the price of apples goes up", meaning that the statement is true, after accounting for all other factors, such as the price of other [[goods]], people's [[income]], availability of apples, etc.

[[Category: Economics]]

[[Category:Economics]]

[[Category: Latin]]

[[Category:Latin]]